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20130103
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voted yes while eric cantor and kevin mccarthy voted no. if he decides to run for president in 2016, he might be going up against rubio or rand paul, they both voted no. ryan would be only one of the three that voted yes. the plan means the bush tax cuts will continue for those making under $400,000 a year and couples making less than $450,000 a year. the tax rates will go back up for those making more. the automatic spending cuts that were set to kick in today are delayed for two months. the deal with extend unemployment insurance for some two million people for a year. the estate tax goes back up to 40%. also tax credits will continue for child care, tuition and research and development. on the flip side, the payroll tax rate will go back up to more than 6%. next up, congress and the administration have to figure out what to do about the spending cuts that are going to go into effect in two months if we don't do something and also, there is the issue of raising the debt ceiling. we're back with more show and
too. >> jennifer: stenny holder says that eric cantor told him that he was 99.9% sure that a sandy package would in fact make it to the floor. and this was before last night. what happened? >> these -- this relief package for the victims of hurricane sandy, focusing on the damage in new york and new jersey was expected to be handled last night amidst all of the fiscal cliff drama, and about an hour before midnight as far as we know, house speaker john boehner pulled the vote on this. he quietly said there was going to be no vote. and chris christie tried to get in touch with the speaker. he called boehner four times, never got a response. and really this was an 11th hour last-minute surprise. and that's why you saw so much anger. the worst of which were from republicans. and i think sort of the last-minute, surprising nature of this really set off all of these folks today. >> jennifer: so the question is why, andy? with not bringing that bill to a vote was that maybe boehner's way of reminding everyone that he is still in charge? >> there is also a shakespearean
minute. eric cantor did. stan hoyer among others not happy. >> i am deeply disappointed mr. speaker, and the people who have been damaged by hurricane sandy, including governor chris christie and governor cuomo, should be deeply disappointed and yes, angry, that this congress would adjourn without addressing the pain of our fellow citizens. >> bill: it is outrageous -- i have not been there personally but seen so much video of the horrific destruction in parts of new york and new jersey -- >> that is still there, yeah. >> bill: yeah, people still suffering, and the congress just basically saying, we don't care about this. >> yeah, it's just the house, right? because the senate had actually done some stuff, and had planned to come back one more day and deal with what the house passed and in the midst of all of this stuff at the last minute they just pulled it off of the agenda. and it was a bipartisan anger at the house leadership last night when that happened. >> bill: eleanor holmes norton representing the district of columbia will be joining us in studio abou
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